Report Update Nov 1, 2024

Iraq - Tuna (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Preserved Tuna Market 2024

Preserved Tuna Market Size in Iraq

The Iraqi preserved tuna market was estimated at $X in 2021, with an increase of 9.7% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.0% against 2019 indices. Preserved tuna consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Tuna Production in Iraq

In value terms, preserved tuna production expanded remarkably to $X in 2021 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 27% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Tuna Exports

Exports from Iraq

In 2021, exports of tuna (prepared or preserved) from Iraq reduced to X kg, falling by -12.5% against 2020. Overall, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 167% against the previous year. The exports peaked at X kg in 2020, and then dropped in the following year.

In value terms, preserved tuna exports surged to $X in 2021. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 35%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Thailand (X kg) was the main destination for preserved tuna exports from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Thailand stood at +14.9%.

In value terms, Thailand ($X) also remains the key foreign market for tuna (prepared or preserved) exports from Iraq.

From 2012 to 2021, the average annual growth rate of value to Thailand totaled +21.6%.

Export Prices by Country

The average preserved tuna export price stood at $X per ton in 2021, rising by 36% against the previous year. In general, the export price posted buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +5.8% per year.

Preserved Tuna Imports

Imports into Iraq

In 2021, the amount of tuna (prepared or preserved) imported into Iraq surged to X tons, picking up by 54% on 2020 figures. Overall, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 166% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved tuna imports skyrocketed to $X in 2021. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2018 with an increase of 184% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Thailand (X tons) constituted the largest preserved tuna supplier to Iraq, with a 35% share of total imports. Moreover, preserved tuna imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Iran (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand amounted to +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+51.2% per year) and Iran (-3.5% per year).

In value terms, Thailand ($X), China ($X) and Iran ($X) were the largest preserved tuna suppliers to Iraq, with a combined 57% share of total imports.

China, with a CAGR of +73.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved tuna import price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2013 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tuna (prepared or preserved) in the world?

China constituted the country with the largest volume of preserved tuna consumption, accounting for 16% of total volume. Moreover, preserved tuna consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 4.7% share.

What are the largest producers of tuna (prepared or preserved) in the world?

China remains the largest preserved tuna producing country worldwide, comprising approx. 18% of total volume. Moreover, preserved tuna production in China exceeded the figures recorded by the second-largest producer, Thailand, threefold. India ranked third in terms of total production with a 6.7% share.

What are the leading suppliers of tuna (prepared or preserved) to Iraq?

In value terms, Thailand constituted the largest supplier of preserved tuna to Iraq, comprising 78% of total imports. The second position in the ranking was occupied by Vietnam, with an 8.2% share of total imports. It was followed by China, with a 6.4% share.

What are the leading importers of tuna (prepared or preserved) from Iraq?

In value terms, Thailand $54) remains the key foreign market for preserved tuna exports from Iraq.

What is the average export price for tuna (prepared or preserved) in Iraq?

The average preserved tuna export price stood at $6,750 per ton in 2021, declining by -19.9% against the previous year.

What is the average import price for tuna (prepared or preserved) in Iraq?

In 2021, the average preserved tuna import price amounted to $4,599 per ton, growing by 4.5% against the previous year.

This report provides an in-depth analysis of the preserved tuna market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023